By Food Items, Year-on-Year
Generally, the year-on-year inflation rates modestly accelerated for all food items.
Vegetables and Corn persisted to have the highest price increases in June 2016 with
13.3 and 7.6 percent.
On the other hand, Milk, Cheese and Eggs, and Oils and Fats had the same inflation
rate at 2.0 and 0.5 percent, respectively.
Other Cereals, Meat, and Food Products, NEC continued to have a negative inflation
rate at -0.3, -0.6 and -6.4 percent, respectively.
Table 4. Year-on-Year Inflation Rates of Selected Food Items, CAR:
June and May 2016 and 2015
(2006 = 100)
*Includes flour, cereal preparation, bread, pasta and other bakery products
Source: Philippine Statistics Authority
Purchasing Power of the Peso (PPP)
The value of the peso in CAR dropped to 71 centavos from last year’s 72 centavos.
This means that the market value of goods and services worth 71 centavos in June
2006 were bought at one peso in June 2016.
Compared to June 2015, the PPP of all the provinces decreased.
Apayao had the highest peso value at 76 centavos, followed by Abra at 75 centavos
and Kalinga at 73 centavos. Meanwhile, Mountain Province had the lowest peso value
at 66 centavos.